The Critical Investing Workshop Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jambo-bwana who wrote (33639)	11/23/2000 12:36:33 PM
From: abuelita	Read Replies (2) of 35685

Market UpDate from my broker - came in yesterday. It doesn't say much that we don't already know. Stocks dropped in tandem with the gavel of the Florida State Supreme Court after a unanimous decision by jurists hand-counted votes in three key Democratic countries that could affect the outcome of the state and national presidential election results. The court ruling prolongs the indecision of who the victor is for the nation's highest office in the USA. Stocks typically sell off in times of greater uncertainty. Republican Vice Presidential hopeful Dick Cheney also created uncertainty by checking himself into a hospital for heart pains. Frustrations, questions, and just an outright lack of enthusiasm or disillusionment has led to a broad based throwing in of the towel in the market. I think there are certainly some over-reactions, and technology stocks obviously paying the brunt of the price. We're starting to see all of the downgrades, all of the earnings expectations cut and this pendulum, too, shall swing too far in the opposite direction. We saw it happen on the upside, and we're watching it happen on the downside. Valuations and expectations just go out of whack and this market has already discounted most of the bad news. Today the bond market in the USA closed at 1:00 after a very strong swing up. This indicates a flight to quality in the bond market and lower interest rates ahead. Lower interest rates is what we need for this market to get back on its feet. In the afternoon we had sellers and no buyers as everyone took off on holidays, this again hurt the tech stocks.. Tomorrow the US Market is closed and Friday will be somewhat of a lackluster day as everyone is still away. Although it may not feel like it, technicians are looking for a Santa Clause rally. Happy Thanksgiving. rose

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next